If you are a business owner, you know all about workers compensation…hopefully! If not, then it is time to pay attention. Both workers compensation and workers compensation audits are important for your business for a number of reasons. Here are a few to start…
#1: Workers compensation is required by law. Think you don’t need a policy? Think again! If you have employees, you are required to provide workers comp. If not, you could be fined on the daily.
#2: Workers compensation will cover your employees. Workers comp provides for your employees if something should go wrong at work. This includes coverage such as: medical costs, lost wages/income, death benefits, rehabilitation, etc.
#3: Workers compensation will cover you. This policy is just as good for you as it is for your employees. Having it will keep costs low and can even steer lawsuits away.
#4: Workers compensation audits will assess your risks. With an audit, you can pinpoint all your risks and make sure you have the proper protection.
#5: Workers compensation audits can lower your premium. Do you feel like you are paying too much for workers comp? Chances are, you are probably right! Many times, companies are overcharged due to errors and improper classifications. To ensure that you are not one of those companies, these audits are a great idea!
Your company should be fully protected- but for the right price! Look into workers compensation audits today to find out if you could be saving on costs!
